According to WPB, global bitumen prices entered the third week of September 2026 with sharply different trends across major markets. Asia recorded some of the strongest upward revisions, European bitumen markets turned firmer, while several destinations in Southeast Asia saw downward corrections. Iran, Iraq, the UAE and Turkey also remained key reference points in the latest global bitumen price picture.
The movement comes against a volatile wider energy backdrop, with global oil supply, refining activity, freight and petroleum-product markets continuing to influence bitumen production and replacement costs.
Global oil-market reference:
https://www.iea.org/reports/oil-market-report-september-2026
WPB has also tracked the impact of higher marine fuel costs on asphalt and bitumen logistics:
https://www.bitumenmag.com/News/bunker-fuel-jumps-76-as-refiners-cut-fuel-oil-output-adding-new-cost-pressure-to-bitumen-shipping
For comparison with earlier September assessments:
https://www.bitumenmag.com/News/global-bitumen-price-week-1-of-september-2026
Iran Bitumen Price
The Iran bitumen price remained a major Middle Eastern export benchmark during Week 3 of September. Iranian 60/70 bitumen in drum was assessed at USD 390–395/MT FOB Bandar Abbas, while jumbo bag stood at USD 380–385/MT FOB Bandar Abbas. The Iran bitumen price for flexi bag remained at USD 320/MT ±5 EXW factory, with the different delivery basis requiring separate comparison from the FOB export assessments.
Russia Bitumen Price
The Russia bitumen price moved higher across both imported and domestic assessments. Iran-origin 60/70 bitumen reached USD 630–660/MT CFR Novorossiysk, while domestic BND road-grade bulk was assessed at USD 425/MT ±5 on an EXW/refinery-market basis excluding VAT. Higher replacement costs and constrained refinery availability supported the firmer Russia bitumen price.
Singapore Bitumen Price
The Singapore bitumen price recorded one of the strongest increases of the week. Bulk 60/70 rose to USD 700/MT ±5 FOB Singapore, while drum reached USD 770/MT ±5 FOB Singapore. Tight export availability and stronger regional feedstock values supported the higher Singapore bitumen price.
The increase follows broader signs of physical tightness in the Singapore bitumen market. WPB recently reported a sharp contraction in export volumes:
https://www.bitumenmag.com/News/singapore-bitumen-exports-plunge-625-as-feedstock-shortage-pushes-market-back-to-660mt
China Bitumen Price
The China bitumen price strengthened significantly across major destinations. CFR 60/70 drum assessments ranged from USD 695 to USD 705/MT, with Chongqing at USD 695/MT, Tianjin at USD 705/MT and several other destinations clustered around USD 698–700/MT. The latest China bitumen price increase reflects stronger domestic and export benchmarks.
More on the latest China bitumen market:
https://www.bitumenmag.com/News/china-bitumen-climbs-above-cny-5400-as-inventories-tighten-despite-softer-crude
UAE Bitumen Price
The UAE bitumen price strengthened at Jebel Ali. The 60/70 drum assessment reached USD 600/MT ±5 FOB Jebel Ali and USD 610/MT ±5 CFR Jebel Ali. Higher regional replacement and route costs supported the latest UAE bitumen price adjustment.
Sri Lanka Bitumen Price
The Sri Lanka bitumen price increased moderately, with 60/70 drum reaching USD 530/MT ±5 CFR Colombo. Firmer origin and freight replacement costs supported the higher Sri Lanka bitumen price, although the adjustment remained smaller than the increases seen in the tightest Asian markets.
Iraq Bitumen Price
The Iraq bitumen price was assessed at USD 320–325/MT EXW for 60/70 jumbo bag and USD 330–335/MT EXW for drum. A separate drum assessment of USD 380–385/MT FOB Bandar Abbas reflects additional inland handling, transportation and port-delivery costs beyond the factory gate.
Turkey Bitumen Price
The Turkey bitumen price edged higher at Mersin. Jumbo bag reached USD 560/MT ±5 FOB Mersin, while drum was assessed at USD 570/MT ±5 FOB Mersin. The latest Turkey bitumen price reflects a firm but orderly export market.
Australia Bitumen Price
The Australia bitumen price moved slightly lower in Brisbane. Drum 60/70 was assessed at USD 840/MT ±5 CIF Brisbane, while jumbo bag stood at USD 815/MT ±5 CIF Brisbane. The adjustment brought the Australia bitumen price closer to current delivered-market indications.
South Korea Bitumen Price
The South Korea bitumen price recorded one of the strongest weekly increases, reaching USD 680/MT ±5 FOB Yeosu/Ulsan for the PEN 60–80 bulk export benchmark used as the nearest 60/70 market proxy. Tight September supply and higher Northeast Asian export values supported the sharp revision.
India Bitumen Price
The India bitumen price showed a wide port-by-port range rather than a uniform nationwide move. CFR assessments ranged from USD 595/MT at Mundra to USD 719/MT at Kolkata, with Chennai at USD 688/MT, Cochin at USD 625/MT, Haldia at USD 700/MT and Tuticorin at USD 691/MT.
WPB recently examined the latest India bitumen price trend:
https://www.bitumenmag.com/News/indian-bitumen-prices-jump-again-as-refinery-hikes-outpace-demand-recovery
Malaysia Bitumen Price
The Malaysia bitumen price increased strongly, with assessments ranging from USD 640 to USD 650/MT CFR. Port Klang reached USD 640/MT, Penang USD 645/MT, Pasir Gudang USD 643/MT and Kota Kinabalu USD 650/MT. Stronger regional replacement values supported the latest Malaysia bitumen price reset.
Vietnam Bitumen Price
The Vietnam bitumen price moved lower, contrasting with the stronger trend across several other Asian markets. Haiphong was assessed at USD 635/MT ±5 CFR, while Ho Chi Minh reached USD 625/MT ±5 CFR. The latest Vietnam bitumen price represents a USD 25/MT downward adjustment.
Brazil Bitumen Price
The Brazil bitumen price remained unchanged at USD 665–700/MT CFR Santos for Iran-origin 60/70 material. Long-haul freight, insurance and shipment timing continue to create a relatively wide delivered range, while current weekly signals did not support a further adjustment.
South Africa Bitumen Price
The South Africa bitumen price for imported 60/70 drum was assessed at USD 870/MT ±5 CFR Durban, while domestic 50/70 bulk truck values remained at USD 885–915/MT EXW South Africa. Firm domestic supply and trucking costs continue to support the local South Africa bitumen price structure.
Indonesia Bitumen Price
The Indonesia bitumen price was revised lower across all three listed destinations. Belawan fell to USD 610/MT ±5 CFR, Jakarta to USD 620/MT ±5 CFR and Surabaya to USD 630/MT ±5 CFR. The correction aligns the Indonesia bitumen price more closely with current regional replacement levels.
Bangladesh Bitumen Price
The Bangladesh bitumen price increased by USD 10/MT, with 60/70 drum reaching USD 520/MT ±5 CFR Chittagong. Firmer origin costs supported the latest Bangladesh bitumen price while the destination remained aligned with the broader South Asian market.
Thailand Bitumen Price
The Thailand bitumen price remained unchanged. Bangkok was assessed at USD 593/MT ±5 CFR, while Laem Chabang stood at USD 548/MT ±5 CFR. Current market evidence did not support another weekly revision in the Thailand bitumen price.
Venezuela Bitumen Price
The Venezuela bitumen price remained stable across Jose Terminal, Puerto La Cruz and Amuay. Drum assessments ranged from USD 634 to USD 655/MT FOB, while bulk values ranged from USD 554 to USD 590/MT FOB. Despite operational uncertainty, the available weekly signals did not justify changing the terminal-specific Venezuela bitumen price assessments.
Germany Bitumen Price
The Germany bitumen price strengthened in both imported and domestic markets. Hamburg drum increased to USD 700/MT ±5 CFR, bulk reached USD 670/MT ±5 CFR, and domestic bulk truck values moved to USD 695–710/MT EXW Germany. Higher fuel-oil and replacement costs supported the latest Germany bitumen price increase.
Spain Bitumen Price
The Spain bitumen price increased across Barcelona and Valencia. Barcelona drum reached USD 715/MT ±5 CFR and bulk USD 685/MT, while Valencia drum stood at USD 710/MT and bulk at USD 680/MT. Domestic bulk truck values reached USD 675–695/MT EXW Spain. Firmer Mediterranean replacement costs supported the stronger Spain bitumen price.
Italy Bitumen Price
The Italy bitumen price also moved higher. Genoa drum reached USD 625/MT ±5 CFR and bulk USD 575/MT, while La Spezia stood at USD 620/MT for drum and USD 570/MT for bulk. Domestic bulk truck values increased to USD 590–610/MT EXW Italy.
Global Bitumen Price Outlook
The third week of September shows an increasingly fragmented global bitumen price market. Asia recorded some of the strongest upward revisions, particularly in Singapore, South Korea, China and Malaysia, while bitumen prices also strengthened in Germany, Spain and Italy. Vietnam and Indonesia moved lower, Australia corrected slightly, and Thailand, Brazil and Venezuela remained unchanged.
Freight and energy-market conditions remain critical to the delivered bitumen price. Global oil-market data continue to show pressure across refining activity, freight and petroleum-product markets, all of which can influence bitumen production costs, availability and regional replacement values.
Global oil-market reference:
https://www.iea.org/reports/oil-market-report-september-2026
For buyers, traders, refiners and asphalt producers tracking the bitumen price today, direct comparisons should always account for grade, packing, origin and price basis. FOB, CFR, CIF and EXW assessments represent different points in the supply chain and should not be treated as interchangeable values.
For more WPB bitumen news and market analysis:
https://www.bitumenmag.com/News/BITUMEN
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https://www.bitumenmag.com/events/conference
WPB – World of Petroleum & Bitumen will continue to monitor global bitumen prices, regional supply conditions, international bitumen trade, freight developments and global bitumen market trends.
